drz-400
DP Veteran
- Joined
- Oct 12, 2009
- Messages
- 2,357
- Reaction score
- 551
- Location
- North Dakota
- Gender
- Male
- Political Leaning
- Conservative
I looked on calculated risk and today we have an atlanta fed report showing:
"The major contributor to income growth during the past several months has been transfer payments."
Monthly Increase, Billions (SAAR)
Government Transfer Payments
Old-age, survivors, disability, health insurance benefits
Other
Reduction in Personal saving
Total Saving Reduction and Transfer Payments
Increase in Personal outlays
Just looking at this I can see that the main reason for an increase in consumption was a lower savings rate and government transfer payments. These are two things the stimulus was supposed to do, how is it not helping?
"The major contributor to income growth during the past several months has been transfer payments."
Monthly Increase, Billions (SAAR)
Jan-10 Feb-10 Mar-10
Government Transfer Payments
Old-age, survivors, disability, health insurance benefits
-1.5, 3.1, 5.1
Government unemployment insurance benefits -6.6, -2.2, 11.8
Other
33.7, 6.4, 7.8
Reduction in Personal saving
55.1, 54, 28.2
Total Saving Reduction and Transfer Payments
80.7, 61.3, 52.9
Increase in Personal outlays
34.4, 58.3, 60.6
Just looking at this I can see that the main reason for an increase in consumption was a lower savings rate and government transfer payments. These are two things the stimulus was supposed to do, how is it not helping?
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